Shares of The Chefs’ Warehouse Inc. (NASDAQ:CHEF) dropped 3.4% during mid-day trading on Wednesday . The stock traded as low as $11.11 and last traded at $11.32, with a volume of 97,537 shares changing hands. The stock had previously closed at $11.72.

A number of analysts recently weighed in on CHEF shares. Jefferies Group reissued a “buy” rating and issued a $20.00 price objective on shares of The Chefs’ Warehouse in a research report on Wednesday, May 4th. Canaccord Genuity reissued a “hold” rating on shares of The Chefs’ Warehouse in a research report on Sunday, April 17th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $15.00 price objective on shares of The Chefs’ Warehouse in a research report on Wednesday, August 3rd. Zacks Investment Research raised shares of The Chefs’ Warehouse from a “sell” rating to a “hold” rating and set a $17.00 price objective on the stock in a research report on Tuesday, July 5th. Finally, TheStreet lowered shares of The Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $18.80.

The company has a 50-day moving average price of $15.30 and a 200 day moving average price of $16.69. The company has a market cap of $305.59 million and a price-to-earnings ratio of 68.13.

The Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Tuesday, August 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The firm had revenue of $291.20 million for the quarter, compared to analyst estimates of $297.28 million. During the same quarter last year, the business posted $0.21 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities research analysts anticipate that The Chefs’ Warehouse Inc. will post $0.42 EPS for the current year.

A hedge fund recently raised its stake in The Chefs’ Warehouse stock. Dimensional Fund Advisors LP increased its stake in shares of The Chefs’ Warehouse Inc. (NASDAQ:CHEF) by 17.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 455,680 shares of the company’s stock after buying an additional 66,787 shares during the period. Dimensional Fund Advisors LP owned 1.73% of The Chefs’ Warehouse worth $7,601,000 as of its most recent SEC filing.

The Chefs’ Warehouse, Inc is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. It is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada.

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